Hunt and big banks vow to ease mortgage pain with repossessions grace period June 23, 2023 Mortgage holders will get a 12-month grace period before banks begin repossessions on their homes, Jeremy Hunt has announced, after a crunch meeting with lenders at No11. The Chancellor said ministers were “particularly worried” about people falling behind on payments or having to switch deals at the end of a fixed rate mortgage. He announced [...]
Exclusive: Penny Mordaunt savaged by trade colleagues who say she’s been ‘missing for months’ July 12, 2022 Top Tory leadership candidate Penny Mordaunt has been accused by senior Whitehall figures of neglecting her duties as a trade minister for the past six months, with one claiming “we’ve been a minister down for a long time”. A senior source from the Department for International Trade (DIT) told City A.M. that other ministers had [...]
Breezy does it: Wind generates 20GW for the first time ever November 3, 2022 Wind power generated more than 20GW of power domestically for the first time ever yesterday, revealed National Grid.
Explainer-in-brief: Keir Starmer’s private school problem December 6, 2022 Students at Eton let out a sigh of relief yesterday. They wouldn’t be forced to join the other 94 per cent of kids who don’t attend private school if Keir Starmer becomes Prime Minister. Well, as long as their parents can afford to cough up extra fees that is. Keir Starmer insisted he wasn’t at [...]
Business energy support set to be halved to reduce taxpayer bill December 30, 2022 Support for businesses to help them cope with swelling energy bills will halve in the spring to avoid taxpayers holding the bag if oil and gas prices surge again, according to The Times. Chancellor Jeremy Hunt next month will announce a 12-month extension to a scheme that caps energy costs for businesses, similar to a [...]
Explainer: Sunak fights with Labour to be Joe Biden’s favourite July 11, 2023 Rishi Sunak and Joe Biden had a jolly time together on Monday, meeting up in London to consolidate what the US president described as a “rock solid relationship”. So our prime minister might have felt a bit betrayed today when he discovered that Labour is also soothing our friends across the pond. Indeed Nick Thomas-Symonds, [...]
MP for City of London Nickie Aiken to quit as civil servant husband scoops top UAE job February 7, 2024 Conservative MP Nickie Aiken has announced she will stand down at the next general election.
What is ‘pro-growth’ chancellor Kwasi Kwarteng’s legacy? February 6, 2024 Kwasi Kwarteng's cataclysmic mini-budget still casts a long shadow from Westminster to Threadneedle Street.
Johnson promises Ukraine more defensive weapons in call with Zelensky March 6, 2022 Boris Johnson has promised Ukrainian President Volodymyr Zelensky more “defensive equipment” to fight off the Russian invasion in a call today. A Number 10 spokesperson said the pair “discussed the deteriorating humanitarian situation in Ukraine, precipitated by Russia’s indiscriminate attacks and ceasefire breaches” and “the increasing threat Russia’s barbaric attacks pose to Ukrainian civilians and [...]
Backing fracking: Government lifts ban to boost energy security September 22, 2022 The Government has officially lifted the lifted the moratorium on fracking in England, paving the way for further shale gas generation.